Brazil’s private sector activity moved back into expansion territory in February, as the S&P Global Composite PMI rose to 51.3 in February 2026, up from 49.9 in January 2026.
The latest reading, updated on 4 March 2026, marks a notable shift from January’s marginal contraction, indicating a renewed overall improvement in business conditions across the combined manufacturing and services sectors. A PMI reading above 50 signals expansion, while a figure below that threshold points to contraction.
The move from 49.9 to 51.3 suggests that demand and output in Brazil’s economy strengthened at the start of 2026, offering a cautiously positive signal for investors and policymakers watching for signs of sustained momentum in the country’s growth trajectory.
